Accounting Policies: Note 1: The schedule of expenditures of federal awards is prepared on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Finding reference number: #2022-001 Assistance listing title and number (Federal award identification number and year): Section 8 Housing Assistance Payments Contract Assistance Listing No. 14.195 (HAP contract number CA16L000119) Auditor non-compliance code: N - Special tests and provisions Finding resolution status: Completed Universe population size: The universe population size is not applicable to the finding. Sample size information: The sample size information is not applicable to the finding. Statistically valid sample: N/A Name of Federal agency: U.S. Department of Housing and Urban Development Pass-through entity: N/A Questioned costs: N/A Statement of condition #2022-001: The Form SF-SAC Single Audit Data Collection Form for the year ended June 30, 2021 was not submitted within the required timeframe to the federal audit clearinghouse. Criteria: Pursuant to the Uniform Guidance, the Corporation is required to submit Form SF-SAC Single Audit Data Collection Form within the earlier of 30 calendar days after receipt of the auditor's report or nine months after the end of the audit period. Effect or potential effect: The Corporation is not in compliance with the Uniform Guidance Section 200.512. Cause: The Corporation did not submit Form SF-SAC Single Audit Data Collection Form within nine months after the end of the audit period. Recommendation: Management should submit the Form SF-SAC Single Audit Data Collection Form within the earlier of 30 calendar days after receipt of the auditor's report or nine months after the end of the audit period. Completion date: May 31, 2022 Management response: Agree. Form SF-SAC Single Audit Data Collection Form for the year ended June 30, 2021 was submitted to the federal audit clearinghouse on May 31, 2022.
Finding reference number: #2022-001 Assistance listing title and number (Federal award identification number and year): Section 8 Housing Assistance Payments Contract Assistance Listing No. 14.195 (HAP contract number CA16L000119) Auditor non-compliance code: N - Special tests and provisions Finding resolution status: Completed Universe population size: The universe population size is not applicable to the finding. Sample size information: The sample size information is not applicable to the finding. Statistically valid sample: N/A Name of Federal agency: U.S. Department of Housing and Urban Development Pass-through entity: N/A Questioned costs: N/A Statement of condition #2022-001: The Form SF-SAC Single Audit Data Collection Form for the year ended June 30, 2021 was not submitted within the required timeframe to the federal audit clearinghouse. Criteria: Pursuant to the Uniform Guidance, the Corporation is required to submit Form SF-SAC Single Audit Data Collection Form within the earlier of 30 calendar days after receipt of the auditor's report or nine months after the end of the audit period. Effect or potential effect: The Corporation is not in compliance with the Uniform Guidance Section 200.512. Cause: The Corporation did not submit Form SF-SAC Single Audit Data Collection Form within nine months after the end of the audit period. Recommendation: Management should submit the Form SF-SAC Single Audit Data Collection Form within the earlier of 30 calendar days after receipt of the auditor's report or nine months after the end of the audit period. Completion date: May 31, 2022 Management response: Agree. Form SF-SAC Single Audit Data Collection Form for the year ended June 30, 2021 was submitted to the federal audit clearinghouse on May 31, 2022.